RUSSIA’S FINANCIAL MARKETS IN AUGUST-SEPTEMBER 2015

Elizaveta Khudko and E. Gorbatikov
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E. Gorbatikov: Gaidar Institute for Economic Policy

Russian Economic Development, 2015, issue 10, 15-19

Abstract: The period under review (between 31 August 2015 and 25 September 2015) saw moderate downtrend for all of the Russian major stock market indicators: the MICEX Index dropped 5.4%, including all sector indices except the Mechanical Engineering Index, and all blue chips showed downside dynamics. Capital outpfl ow during the month totalled $238.1m, more than $1bn on a year-to-date basis. The situation in the Russian corporate bond market remained complex. The key adverse development was driven by the weakening trend in activity of bond issuers and investors; issuers’ defaults on obligations to bondholders still remained a problem. Nevertheless, the key market indicators such as the corporate bond market volume and index and the weighted average yield rate of bond issuances showed moderate uptrend dynamics (especially in the fi nancial and technological segments of the market).

Keywords: Financial; markets (search for similar items in EconPapers)
JEL-codes: C81 E30 E31 L11 (search for similar items in EconPapers)
Date: 2015
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